"The MSY concept was included as a principle in the 2009 Green Paper on the reform of the Common Fisheries Policy (CFP) in accordance with the global imperative to manage fish stocks according to the maximum sustainable yield (MSY). This implies a commitment to direct managem...

Though mainstream economic measures such as GDP are useful measures with great influence on both public and private decisions, they are flawed as measures of human welfare. In addition, they give little information as to whether the market is helping Europe make progress on i...